Currency rates in exchanges

As tensions flare between Iran and Israel, all eyes are on today’s high-stakes UN Security Council meeting and Iran’s urgent talks with European powers. Could this be the last chance to avoid full-scale war—and what does it mean for Iran’s economy and the dollar exchange rate?

In a dramatic day for global diplomacy, the United Nations Security Council met to discuss the growing military conflict between Iran and Israel, while Iran’s Foreign Minister held urgent talks in Geneva with top diplomats from the UK, France, Germany, and the EU. These back-to-back meetings have opened a narrow two-week diplomatic window that could either ease tensions—or lead to escalation.

While the UN meeting highlighted deep divisions between major powers, many nations condemned Israel’s military strikes and called for immediate de-escalation. Meanwhile in Geneva, Iran pushed back against Western pressure, saying no talks with the U.S. are possible as long as attacks continue. But Europe is hoping to bring Iran back to the table on the nuclear deal—without U.S. involvement for now.

Why it matters: If diplomacy fails, experts warn of a regional war that could pull in global powers and destabilize oil markets even further.
 

Economic Impact on Iran:
The market is already feeling the heat. Oil prices have jumped by up to 10% amid fears of supply disruptions. For Iran, that may sound like good news—but not so fast. With heavy sanctions, sky-high inflation, and a fragile economy, most Iranians won’t see the benefit. Instead, the free-market dollar rate is expected to rise even further, as uncertainty fuels panic-buying and pressure on foreign currency reserves.

Unless a clear political breakthrough happens, economic volatility will continue—especially in Iran’s black-market currency exchange.

Bottom Line:
This might be the final shot for diplomacy before conflict explodes across the Middle East. Whether these meetings lead to peace or more missiles could shape not just the future of the region, but the daily lives of millions of Iranians.